Jul 30, 2011 5:30pm PDT
to business to break the impasse. abc's senior political correspondent, jon karl, has been on this story every step of the way. and he leads us off, once again, tonight. jon, good evening to you. >> reporter: good evening, dan. well, the house and the senate have spent the last 24 hours on a series of showboats on bills that have no chance of passing. but republican leaders say they're fully engaged with the white house. and have spoken with the president this afternoon to try to find a way to break the impasse. finally, signs of progress.. >> i'm confident and optimistic that we're going to get an agreement in the very near future and resolve this crisis. >> in spite of our differences, we're dealing with reasonable, responsible people, who want this crisis to end as quickly as possible. and i'm confident we will. >> reporter: you wouldn't know it by looking at what congress is actually doing. >> the american people are looking for a real solution. >> reporter: the house spent the day voting down the bill offered by senate democrats, even though the senate hadn't passed it yet. >> there is ab
Jul 31, 2011 8:00am EDT
to jon carl who first breck this story, the story of a framework last night. jon, dan used the word at the top of the broadcast, the emphasis here is on "fragile." >> that's right. the details are still being worked out. you know how important the details are, and nobody has signed on the dotted line yet. but i am told congressional leaders will brief their membership on the framework of this tentative deal later this morning. >> majority leader. >> late last night, senate majority leader, harry reid called off a vote on the debt ceiling plan, citing progress towards a deal. >> i'm glad to see this move toward cooperation and compromise. i hope it bears fruit. >> reporter: congressional sources tell abc news that two sides have tentatively agreed to a framework that includes a debt ceiling increase of up to $2.4 trillion, enough to last through the presidential election. agreement on more than $1 trillionon ispending cuts in the next ten years and a new special congressional committee to recommend additional deficit reduction of more than a trillion dollars. if congress doesn't act
Jul 31, 2011 9:00am PDT
two key senators. republican jon kyl and democrat dick durbin. we'll hear from the house majority whip, republican kevin mccarthy. also, the recovering economy takes another hit. we'll ask our sunday panel if the debt ceiling standoff has made things worse or if a deal might ease the economic pain. we look back to what a roller coaster of a week it was in washington. all right now on "fox news sunday." hello again from fox news in washington. after a tension-packed day on capitol hill, filled with bitter partisan sniping, both republicans and democrats are now saying significant progress has been made toward a deal that would avert a government default. we'll take a look at the framework of the compromise with two senate leaders and a top house g.o.p. official. but first we begin with the white house view. and gene sperling, the director of the national economic council. director sperling, welcome back to "fox news sunday." >> thank you, bret. >> bret: saturday, the debt ceiling negotiation shifted back to the white house. here is what we are hearing, reporting about a potential deal.